The recent boom of the registered index-linked annuity (Rila) during turbulent markets led to retirement clients swapping out fixed index annuities (FIA) for the more stable alternative.
Rilas sales, which reached US$39 billion in 2021, appear to be on track to cross the US$50 billion milestone by 2026, according to a Cerulli report. The report states that Rila sales more than doubled in 2020 reaching US$24 billion from US$11 billion in 2018. Activity was largely driven by broker-dealer, advisor awareness and understanding (85%), large insurers entering the space (80%), and increasing supply (80%). According to Tamiko Toland ( pictured ), annuities director at Cannex, the shif
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